Posts From: August 2022

Flutter Entertainment shares rise despite post-tax loss

Flutter Entertainment swung to a first-half pretax loss due to higher operating and sales costs, though revenue rose and the second half has begun well. The FTSE 100 gambling group...

Finance News
888 Holdings interim profit down 65%

888 Holdings announces its financial results for the six months ended 30 June 2022. The acquisition of the international (non-US) business of William Hill completed on 1 July 2022, and...

Finance News
Aspire Global acquisition boosts NeoGames second quarter revenue

NeoGames S.A, a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the second quarter ended June 30, 2022. Revenues and the company’s share in NPI...

Finance News
LeoVegas reports slight revenue increase for second quarter

LeoVegas reported a second quarter revenue increase of 1% to EUR 98.0 m (96.8). Excluding the Netherlands, revenue increased 9%. Adjusted EBITDA was EUR 9.0 m (10.6), corresponding to an...

Finance News
Entain first half gaming revenue rises 19%

Entain PLC left annual guidance unchanged and declared a dividend for the first time since the onset of Covid-19, with the bookmaker promising a “progressive” payout going forward.  The Ladbrokes...

Finance News
Catena Media initiates strategic European review 

Catena Media plc announces that it is expanding the strategic review it initiated on 20 May 2022 to its entire European online sports betting and casino affiliation business. The European...

Finance News
Light & Wonder posts $610m in second quarter revenue

Second quarter revenue was $610 million compared to $581 million, up 5% compared to the prior year period. Prior year revenue benefited from $38 million VAT recovery, reducing the year-over-year revenue...

Finance News
Jake Paul raises $50M to launch Betr

Founder and CEO Joey Levy and Founder and President Jake Paul has announced the creation of Betr, the first direct-to-consumer micro-betting focused sports betting company. As part of the company’s efforts, the two are also launching...

Finance News
DraftKings exceeds full year guidance as second quarter revenue jumps 57%

DraftKings has reported its second quarter 2022 financial results. For the three months ended June 30, 2022, DraftKings reported revenue of $466 million, an increase of 57% compared to $298...

Finance News
New York sports betting handle slides below $1.0bn in July

New York online sports betting continues its weekly handle total dip, reporting the lowest amount ever bet since the state’s online sports betting program launched. The New York State Gaming Commission reported just...

Finance News